āagmanLoginNot investment advice. Data and computed figures, for information only.
Avalon Technologies Ltd
₹2,046.90
−₹235.60 (−10.32%)
NSE · 15 Oct 2026, close
Market Cap
₹15,386 Cr
CMP
₹2,046.90
52-wk High / Low
₹2,618 / 777
P/E
115.0
P/B
21.3
Book Value
₹108.0
Div Yield
0.00%
ROCE
19.0%
ROE
16.5%
Face Value
₹2
D/E
0.30
Price+66.4% over 1Y
āagman read
Computed by āagmanPiotroski F-Score
6
/ 9
6 of 9 F-score tests passed
Graham Number
₹203
√(22.5 × EPS × book value per share)
ROIC
10.9%
vs 12.3% sector median
Cash flow to profit
0.50
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
+270
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
16.5%
ROE × earnings retention ratio
ROE stability
26.2
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom −0.02FII +1.39DII −1.45
Latest quarter vs the previous one
Cash-accrual divergence
4.9%
of assets
Low = accruals track cash flow
Strengths
+Price trades above its 200-day moving average (1.4x)
+FII holding rose by 7.8pp over the last year
Watch-outs
−Annualised volatility of 54.8% is in the high band (≥45%)
−Promoter holding fell by 26.4pp over the last year
Peer comparison
| Name | P/E | Mar Cap ₹ Cr | ROCE % | ROE % |
|---|
Quarterly results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 235 | 201 | 214 | 217 | 199 | 275 | 281 | 343 | 323 | 382 | 418 | 480 | 484 |
| Expenses | 219 | 188 | 198 | 200 | 195 | 245 | 246 | 301 | 293 | 344 | 370 | 423 | 426 |
| Operating Profit | 16 | 13 | 17 | 17 | 4 | 30 | 35 | 41 | 30 | 39 | 48 | 57 | 58 |
| OPM % | 6.8% | 6.5% | 7.9% | 7.8% | 2.0% | 10.9% | 12.5% | 12.0% | 9.3% | 10.2% | 11.5% | 11.9% | 12.0% |
| Other Income | 5 | 5 | 2 | 3 | 4 | 4 | 10 | 3 | 2 | 8 | 7 | 12 | 3 |
| Interest | 6 | 3 | 4 | 4 | 4 | 4 | 5 | 4 | 4 | 4 | 3 | 4 | 3 |
| Depreciation | 5 | 6 | 6 | 6 | 7 | 7 | 7 | 8 | 8 | 9 | 8 | 8 | 9 |
| Profit before tax | 10 | 9 | 9 | 10 | −2 | 23 | 33 | 33 | 19 | 34 | 44 | 56 | 49 |
| Net Profit | 7 | 7 | 7 | 7 | −2 | 17 | 24 | 24 | 14 | 25 | 33 | 41 | 35 |
| EPS (₹) | 1.08 | 1.11 | 1.00 | 1.07 | −0.35 | 2.65 | 3.63 | 3.67 | 2.14 | 3.74 | 4.88 | 6.16 | 5.22 |
Profit & Loss
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Sales | 642 | 690 | 841 | 945 | 867 | 1,098 | 1,603 | 1,764 |
| Expenses | 577 | 624 | 743 | 832 | 805 | 983 | 1,430 | 1,563 |
| Operating Profit | 64 | 66 | 98 | 113 | 63 | 115 | 173 | 201 |
| OPM % | 10.0% | 9.6% | 11.7% | 12.0% | 7.3% | 10.5% | 10.8% | 11.4% |
| Other Income | 11 | 5 | 31 | 14 | 15 | 17 | 29 | 30 |
| Interest | 45 | 27 | 25 | 35 | 16 | 17 | 15 | 15 |
| Depreciation | 16 | 16 | 18 | 20 | 23 | 29 | 34 | 34 |
| Profit before tax | 15 | 29 | 86 | 73 | 38 | 87 | 154 | 183 |
| Net Profit | 12 | 23 | 67 | 52 | 28 | 63 | 113 | 134 |
| EPS (₹) | 754.25 | 1,345.65 | 3,958.05 | 9.06 | 4.26 | 9.59 | 16.92 | 20.00 |
Balance Sheet
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 2 | 12 | 13 | 13 | 13 | — |
| Reserves | 45 | 58 | 87 | 525 | 534 | 598 | 708 | — |
| Borrowings | 274 | 316 | 318 | 342 | 209 | 180 | 213 | — |
| Other Liabilities | 129 | 136 | 183 | 310 | 168 | 246 | 328 | — |
| Total Liabilities | 450 | 512 | 589 | 1,189 | 923 | 1,038 | 1,263 | — |
| Fixed Assets | 99 | 104 | 114 | 128 | 147 | 185 | 192 | — |
| CWIP | 3 | 0 | 2 | 15 | 20 | 10 | 24 | — |
| Investments | 2 | 0 | 0 | 0 | 75 | 35 | 81 | — |
| Other Assets | 346 | 408 | 473 | 1,046 | 681 | 808 | 966 | — |
| Total Assets | 450 | 512 | 589 | 1,189 | 923 | 1,038 | 1,263 | — |
Cash Flows
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 66 | 6 | 16 | −13 | 17 | 25 | 57 |
| Cash from Investing Activity | −19 | −27 | −18 | −25 | −146 | 54 | −63 |
| Cash from Financing Activity | −42 | 28 | −21 | 452 | −251 | −52 | 8 |
| Net Cash Flow | 4 | 7 | −24 | 414 | −380 | 26 | 2 |
Ratios
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| ROCE % | — | 18.0 | 24.0 | 17.0 | 6.0 | 13.0 | 19.0 |
| ROE % | — | — | — | — | — | — | 16.5 |
| EPS (₹) | 754.25 | 1,345.65 | 3,958.05 | 9.06 | 4.26 | 9.59 | 16.92 |
| Book Value (₹) | — | — | — | — | — | — | 108.0 |
| Face Value (₹) | — | — | — | — | — | — | 2 |
| P/E | — | — | — | — | — | — | 115.0 |
| Div Yield % | — | — | — | — | — | — | 0.00 |
| NPM % | 1.8 | 3.3 | 7.7 | 5.4 | 3.2 | 5.7 | 6.9 |
| OPM % | 10.0 | 10.0 | 12.0 | 12.0 | 7.0 | 10.0 | 11.0 |
| D/E | 5.83 | 5.27 | 3.57 | 0.64 | 0.38 | 0.29 | 0.30 |
| P/B | — | — | — | — | — | — | 21.3 |
Growth
Compounded sales growth
5 years+18.0%
3 years+19.0%
TTM+44.0%
Compounded profit growth
5 years+39.0%
3 years+28.0%
TTM+67.0%
Stock price CAGR
3 years+61.0%
Last year+87.0%
Return on equity
5 years13.0%
3 years11.0%
Last year17.0%
Documents
Announcements
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Announcement Under Regulation 30 (LODR) - ClarificationAnnouncement under Regulation 30 (LODR)-Memorandum of Understanding /AgreementsDisclosures Under Reg. 29(2)Of SEBI (SAST) Regulations, 2011Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011Corporate actions
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman